Invesco Preferred ETF (NYSEARCA:PGX) Shares Sold by Tudor Financial Inc.

Tudor Financial Inc. trimmed its stake in shares of Invesco Preferred ETF (NYSEARCA:PGX) by 4.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 156,095 shares of the company’s stock after selling 7,970 shares during the period. Invesco Preferred ETF makes up about 1.1% of Tudor Financial Inc.’s holdings, making the stock its 27th largest holding. Tudor Financial Inc.’s holdings in Invesco Preferred ETF were worth $1,800,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new stake in Invesco Preferred ETF in the 3rd quarter worth approximately $31,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Invesco Preferred ETF by 299.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,793 shares of the company’s stock valued at $32,000 after buying an additional 2,093 shares during the period. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Invesco Preferred ETF during the 2nd quarter valued at $35,000. Eastern Bank purchased a new stake in shares of Invesco Preferred ETF during the 3rd quarter valued at $37,000. Finally, Ellis Investment Partners LLC purchased a new stake in shares of Invesco Preferred ETF during the 3rd quarter valued at $124,000.

Invesco Preferred ETF Price Performance

Shares of NYSEARCA PGX opened at $11.63 on Tuesday. Invesco Preferred ETF has a 52-week low of $11.23 and a 52-week high of $12.54. The firm has a fifty day moving average of $11.74 and a 200-day moving average of $11.95.

Invesco Preferred ETF Profile

The PowerShares Preferred Portfolio (Fund) is based on The BofA Merrill Lynch Core Fixed Rate Preferred Securities Index (Index). The Fund normally invest at least 90% of its total assets in securities that comprise the Index. The Index is designed to replicate the total return of a diversified group of investment-grade preferred securities.